Typically, solar panels have a lifespan of about 25 years. Over this period, they can significantly reduce electricity costs, often leading to savings that exceed the initial investment. In places with high electricity rates or abundant sunlight, the payback period for solar panel investments may be shorter, often within 5 to 10 years.

A household solar system consists of solar panels installed on a home’s roof or property that capture sunlight and convert it into electricity. This electricity can be used to power various household appliances, lighting, and heating. A typical solar system comprises several components, including solar panels, an inverter, a battery storage system, and the necessary wiring and mounting equipment.